0% found this document useful (0 votes)
23 views2 pages

Question 2

The document outlines the essential elements required for a successful car transaction, including the presence of at least two willing parties, communication skills, and the freedom to accept or reject offers. It also provides a detailed guide for first-time car buyers, emphasizing the importance of budgeting, exploring vehicle options, financing, test driving, and considering environmental impacts. By following this structured decision-making process, buyers can make informed choices that align with their needs and financial situations.

Uploaded by

saintmphile
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
23 views2 pages

Question 2

The document outlines the essential elements required for a successful car transaction, including the presence of at least two willing parties, communication skills, and the freedom to accept or reject offers. It also provides a detailed guide for first-time car buyers, emphasizing the importance of budgeting, exploring vehicle options, financing, test driving, and considering environmental impacts. By following this structured decision-making process, buyers can make informed choices that align with their needs and financial situations.

Uploaded by

saintmphile
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Question 2

2.1

1. At least two parties:


A Polo buyer and a Volkswagen dealership who are both willing to take part in the
transaction must be present.
2. Something of value:
The dealership must have a Polo to offer, and the customer must have something of
value to offer (usually cash or finance).
3. Communication and delivery skills:
Both sides need to be able to communicate and deliver their valuable goods. The
dealership must be able to transfer ownership of the vehicle, and the buyer must be able
to pay.
4. Acceptance or rejection:
The dealership and the buyer must have the freedom to accept or reject the offer. There
shouldn't be any coercion.
5. Desire to deal:
The exchange must be desired by both sides. The dealership must want to sell the Polo,
and the buyer must want it.

2.2

Making a selection while buying a first car requires taking several aspects into account.
Here is a detailed guide on using this procedure both theoretically and practically:

1. Determine the budget and needs


Conceptual: Consider your family size, geography, and daily commute when
determining your transportation needs. Depending on your financial circumstances,
create a budget. Use: Think on the number of passengers, the kind of roads you will be
traveling on, and the practical factors of your daily journey. Establish a reasonable
spending plan that accounts for the purchase price as well as the expenditures of fuel,
insurance, and upkeep.

2. Examine Your Automobile Options


Theoretical: Look at several car models, brands, and types that fit your needs and price
range. Application: To learn more about different car alternatives, visit showrooms, use
internet resources, and ask friends and family for advice. Think about things like
dependability, safety features, and fuel efficiency.

3. Examine your options for financing


Theoretically, investigate financing alternatives such as leases, loans, and incentives.
Application: Obtain a loan preapproval, evaluate financing options from several
sources, and weigh the long-term financial effects of each choice.

4. Test Drive and Assess Theoretically:


Take a test drive of the cars to evaluate their features, comfort, and performance.
Application: Arrange for test drives of the cars that fit your requirements. Consider
aspects like visibility, comfort, driving experience, and technological features.

5. Examine Prices
Theoretical: Evaluate the entire cost of ownership, considering the purchase price,
insurance, gasoline, and maintenance. Use: To compare the total cost of ownership for
the cars you are thinking about, make a spreadsheet or use online resources. Long-term
maintenance expenses and possible resale value should be considered.

6. Examine the Effect on the Environment


Theoretical: Assess the car's effects on the environment by taking emissions and fuel
economy into account. Application: Examine the cars' fuel economy ratings and other
environmentally friendly features to learn more about their environmental performance.

7. Decide
Theoretical: Make a well-informed choice by researching and weighing your
possibilities. Application: After weighing all the variables, choose a course of action that
fits your requirements, financial constraints, and long-term objectives. Think about
things like total value, safety, and dependability.

You can make an informed decision when buying your first car by using this decision-
making method.

You might also like